Business: Let Them Eat Cake

When Labor Secretary James P. Mitchell promised last April to eat his
hat on the steps of the Labor Department if unemployment did not drop
below 3,000,000 in October, he thought he was making a sure bet. But
last week the Labor Department announced that although employment was
higher than in any previous October66,831 000unemployment stood
at 3,272,000. Just before the figures wene officially announced,
Mitchell appeared on the Department of Labor steps to keep his part of
the bargainor almost. Said Mitchell: "I am off by several hundred
thousand entirely due to...